Service sector in the United Kingdom increased in the first three months of this year, the latest Quarterly Survey released by the British Chambers of Commerce showed on Tuesday. According to the survey, the country's service sector improved as the export sales rose to +38% and export orders to +39%, the domestic sales advanced to +38% and domestic orders to
Consumer credit in the world's largest economy increased in February rising at a faster rate than economists original projected as non-revolving credit rose more than revolving credit fell, a report published by the Federal Reserve unveiled on Monday. The U.S. consumer credit advanced by $16.5 billion in February after jumping by $13.8 billion in the month before.
The Japanese national bank decided to maintain its monetary policy unchanged on a policy meeting earlier this week despite the fact that the country's government implemented first sales tax hikes in sixteen years recently possibly shrinking consumer spending. The Bank of Japan will continue its current bond-purchase program totaling 60-70 trillion yen a month.
Permanent salaries in the United Kingdom increased in March rising at a fastest rate in almost six years, however temporary salaries growth weakened on the month, a report published by the KPMG and REC showed on Tuesday. According to the report, the country's starting salaries in permanent jobs accelerated by the most since 2007 and the temporary ones eased to
An index measuring current economic conditions in Japan increased in March, however the outlook weakened by more than originally expected, a report published by the Economy Watchers Survey unveiled on Tuesday. The Japan's Eco Watchers index gained from February's level if 53 to March's 57.9, while the outlook index slipped from a level of 40 recorded in February to 34.7
Current account trade balance in the Asia's second largest economy came in a surplus in February following a period of four successive months of drops, a report released by the Ministry of Finance showed on Tuesday. The Japan's current account surplus recorded a level of 612.7 billion yen, while it was originally seen at 618.1 billion after a deficit of
Business sentiment in Australia declined in March, however the figure stayed in a positive territory, a report released by the National Australia Bank revealed on Tuesday. According to the report, the country's business conditions index recorded an advanced coming to a score +4 in March following February's +7 and a level of +9 in January.
The world's second largest economy is likely to expand on a slower rate this year than economists originally forecast, the latest data published by the World Bank showed on Tuesday. According to the report, the Chinese gross domestic product will accelerate by 7.6% in 2014 and 7.5% in the next year, while the figure for 2013 recorded 7.7% growth.
Growth forecast revealed by the World Bank for the East Asia region remained steady for the period of 2014-2015 as the global trade and economic growth increased slightly, a report released by the bank showed on Tuesday. According to the report, the East Asia and Pacific area may rise by 7.1% this year and the next one, while it was
The European Central Bank is likely to maintain its monetary policy unchanged in the next few weeks, however the bank is planning on adding bond purchases on a large-scale if the inflation in the region slows down further, the bank's officials said on Monday. According to the policymakers, the Eurozone's inflation at a level of 0.5% is in a critical
The U.S. Dollar traded lower on Tuesday session falling against the Japanese Yen after the Bank of Japan remained its benchmark interest rates unchanged adding no further stimulus into financial system matching economists' expectations. The so-called Greenback fell 0.1% to 102.98 yen after it traded at the highest level in 10 weeks on Friday.
Wall Street shares closed lower on Monday with the benchmark stock index Standard & Poor's 500 recording the largest three-day fall since February as investors sell-off internet shares with Amazon losing 1.6% and Yahoo! Inc slipping 3.5%. The S&P 500 Index slid 1.08% to 1,845.04, the Dow Jones industrial average tumbled 1.02% and the Nasdaq Composite Index inched 1.16% lower.
European equities swung between gains and losses earlier on Tuesday session as traders were cautious after the last week's policy meeting of the European Central Bank bringing no change in monetary policy for now. The London's FTSE opened 0.3% lower today, the Frankfurt's DAX index slipped 0.1% and the Paris' CAC 40 was traded flat.
The majority of Asian stocks increased earlier on Tuesday trading session reversing previous losses as China's equities advanced notably amid speculation that the local government may add more stimulus and as the BOJ remained its policy unchanged. The MSCI broadest Asia-Pacific gauge outside Japan gained as much as 0.4% and the Shanghai benchmark index rose 1.8%.
Wheat traded in Chicago increased on Monday after the futures recorded the largest drop since January 10 last week amid speculation that dryness in Texas may not be eased by weather forecast signaling light rains in the area. Wheat futures for settlement in May gained as much as 0.7% to $6.7475 per bushel as of 5:26 a.m. in Chicago.
Gasoline futures traded in New York increased on Monday trading session after an industry report showed that the regular gasoline average price advanced by 4.9 cents in the last two weeks reaching a level of $3.6065 per gallon, the most since July 26. Gasoline futures climbed as much as 2.34 cents to $2.9313 per gallon on the NYMEX.
The South Korean currency declined on Monday trading session falling from the highest level in a three-month period as importers started buying U.S. Dollar after a recent rally of the Won and as speculation over the Fed's monetary policy increased. The Korean Won traded 0.2% lower at 1,055.45 a U.S. Dollar at the close in Seoul following a gain to
U.S. Treasuries increased on Monday trading session after the benchmark 10-year yields recorded the largest drop in month last week as investors speculate that the job growth in the U.S. may not be strong enough for the Fed to tighten its monetary policy. The U.S. benchmark 10-year yields were last seen at 2.72% by 7:05 a.m. New York time.
Emerging-markets shares dropped on Monday trading session pushed down by Russian shares falling by the most in a month as protest in Ukraine's east part for joining the Russian Federation escalated overshadowing gain of Indonesian equities. The MSCI Emerging Markets Index slid as much as 0.1% to 1,001.20 as of 11:24 a.m. London time.
Spain's government notes declined on Monday trading session with the benchmark 10-year yields rebounding from the weakest levels since 2005 after Edwards Nowotny, a Governing Council member, suggested that there may be no further policy easing by the ECB. The Spanish 10-year notes yielded six basis points higher at 3.21%, the largest advance since February 3.
Italy's government securities dropped on Monday pushing the benchmark 10-year yields higher from the weakest levels all-time as investors weighed on results from the European Central Bank officials' speeches whether the bank increase assets purchases or not. The Italian 10-year bonds yielded three basis points higher at 3.20% as of 12:21 p.m. in London.
Construction sector in Australia improved in March, however the index measuring activity in the sector stayed below a level of 50 indicating expansion, a report published by the Australian Industry Group and Housing Industry Association showed on Monday. The Australia's construction sector activity index advanced from February's level of 44.2 to 46.2 recorded in March.
A leading economic index in the Asia's second largest economy dropped in February falling by more than experts originally projected and to the weakest level in six months, a data unveiled by Cabinet Office showed on Monday. According to the data, the Japanese leading index slipped from a level of 113.1 in January to 108.5 in the following month.
Investor confidence in the 18-nation bloc surprisingly accelerated in April reaching the highest level in three years, a report released by think tank Sentix revealed on Monday. According to the report, the Eurozone's investor confidence index advanced from a level of 13.9 points in March to 14.1 in the following month, the strongest since April 2011.